Sir Hector Sants was chief executive of the Financial Services Authority and head of compliance at Barclays. He is currently chair of the Money and Pensions Service. Over the past decade, the financial services community has made huge strides in bringing conversations about mental wellbeing to the forefront. But there is still a way to … Read more
Graham Allison is the Douglas Dillon professor of government at Harvard University Is the US economy headed for a hard landing? US Federal Reserve chair Jerome Powell says no. At the Federal Open Market Committee’s 4 May press conference, he insisted that the Fed will manage a “softish” landing. To the contrary, former Treasury Secretary … Read more
Mohamed A El-Erian, president of Queens’ College at the University of Cambridge, is a professor at the Wharton School of the University of Pennsylvania and the author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse ( Random House, 2016) The International Monetary Fund’s revised World Economic Outlook is sobering. … Read more
Sir Vince Cable was shadow Chancellor from 2003 to 2010, secretary of state for business, innovation and skills from 2010 to 2015, and leader of the Liberal Democrats from 2017 to 2019. It is now 15 years since the first tremors were felt. They became a financial earthquake that humbled – and almost destroyed – … Read more
Federal Reserve Chairman Jerome Powell is shifting monetary tightening into a higher gear. His goal sounds straightforward — lift interest rates to “neutral,” a setting that neither spurs nor slows growth. But there’s a catch: Even in normal times, no one knows where this theoretical level is. And these aren’t normal times. There are good … Read more
Keith Skeoch chaired the UK Government’s Ring-Fencing and Proprietary Trading Review, and is the former co-chief executive of Standard Life Aberdeen The ring-fencing regime was introduced following the financial crisis and broadly required banks to separate their retail businesses from investment banking. In the same way RBS became the poster child of the financial crisis, … Read more